Ecoin Finance: a suspicious project leveraging a defunct UK company
his article is a deep dive investigation into Ecoin Finance (ECOIN): a suspicious project based on the smart contract of what many consider to be a fraudulent platform, Safemoon (SAFEMOON), that keeps promoting its token with the name of a now-defunct company that was registered in the United Kingdom.
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Ecoin Finance is a project that, according to its website, was founded in May 2021 and “is a decentralized & deflationary BEP20 token powered by BNB Chain network.” The company seemingly aims to become “an online payment platform replacing conventional fiat currency through our integrated debit card.”
he Ecoin Finance website’s homepage cites the misspelled name of its corporation, “Ecoin Finance LTD” in its footer and continues carrying the incorporation documents on the website for E-Coin Finance LTD, a company based out of London founded back on June 2, 2021.
What Ecoin Finance apparently fails to disclose is that this company was dissolved by UK authorities back in December last year after a warning was issued in August 2022.
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